New businesses registered — all countries

New businesses registered — Sub-Saharan Africa

New businesses registered in Sub-Saharan Africa in 2024 — 905,245 companies. Since 2012, the indicator has risen by 98.9%.

2024 905,245 companies +9.72% vs 2023
World rank
Period maximum 917,658 companies2022
Period minimum 455,157 companies2012

Trend over time

2012–2024 · companies

New businesses registered — Sub-Saharan Africa, 2012–2024400,000600,000800,0001M20122014201620182020202220242012: 455,157 companies2013: 482,399 companies2014: 496,903 companies2015: 615,443 companies2016: 657,695 companies2017: 711,370 companies2018: 749,675 companies2019: 783,257 companies2020: 866,174 companies2021: 908,311 companies2022: 917,658 companies2023: 825,030 companies2024: 905,245 companies
Change over the period: +450,088 (+98.89%) Average annual rate: 5.9 %
New businesses registered — Sub-Saharan Africa, by year Sub-Saharan Africa All countries CSV XLSX
Year companies Change Change, %
2024 905,245 +80,215 +9.72%
2023 825,030 −92,628 −10.09%
2022 917,658 +9,347 +1.03%
2021 908,311 +42,137 +4.86%
2020 866,174 +82,917 +10.59%
2019 783,257 +33,582 +4.48%
2018 749,675 +38,305 +5.38%
2017 711,370 +53,675 +8.16%
2016 657,695 +42,252 +6.87%
2015 615,443 +118,540 +23.86%
2014 496,903 +14,504 +3.01%
2013 482,399 +27,242 +5.99%
2012 455,157

About the indicator

The number of newly registered limited liability companies over a year. Only they are counted: sole proprietorships, partnerships and cooperatives do not enter, so in countries where small business prefers simpler legal forms the indicator understates entrepreneurial activity.

Important: Limited liability companies only. Registration is not the start of activity: some registered companies never begin to operate.

Source: World Development Indicators (World Bank), license CC BY 4.0.